Pennsylvania HB1287 amends personal income tax to adjust poverty income thresholds and provide refunds for low-income claimants.

Pennsylvania HB1287 amends the Tax Reform Code of 1971 to adjust the poverty income thresholds for special tax provisions. It raises the income limit for individual claimants from $6,500 to $10,000 and for married claimants from $13,000 to $20,000. Claimants within these income limits are entitled to a refund or forgiveness of any taxes paid. The bill also mandates annual cost-of-living adjustments to these income thresholds based on the Consumer Price Index for the Pennsylvania, New Jersey, Delaware, and Maryland area. These adjustments cannot result in a decrease in income thresholds.

Pennsylvania HB1287 amends personal income tax to adjust poverty income thresholds and provide refunds for low-income claimants.

Pennsylvania HB1287 amends the Tax Reform Code of 1971 to adjust the poverty income thresholds for special tax provisions. It raises the income limit for individual claimants from $6,500 to $10,000 and for married claimants from $13,000 to $20,000. Claimants within these income limits are entitled to a refund or forgiveness of any taxes paid. The bill also mandates annual cost-of-living adjustments to these income thresholds based on the Consumer Price Index for the Pennsylvania, New Jersey, Delaware, and Maryland area. These adjustments cannot result in a decrease in income thresholds.